Well, not much point in this argument. You believe what you will, I cannot change that. I will continue to believe in this management, until such time they show, that they have less than honorable intentions.
As far as the EMB is concerned, no where have I heard that you cannot transition. I can only tell you, what I have heard from management during their meetings. I might add, doing anything other than that is lunacy and will divide the workforce, I do not anticipate it happening.
Stock valuations probably interest a lot of people, but rightfully, it does not say much as you have pointed out, heck, what was UAL, a 100 or so a share? But if the people are running away, why is the stock not declinning, why do we not see some serious selling going on? Secondly, it must be remembered, that jetBlue is one of the few stocks doing well, if I was fundmanager, I might be tempted to sell, simply to show something positive to my customers. After all, most MF have lost or are loosing badly.
We can continue this ad infinitum, you have your mind made up that jetBlue will screw their employees, I do not agree. Only time will tell, so far, so good.
BTW, from the finacial community for your edification.
www.businessweek.com/investor/content/jul2003/pi20030728_0669_pi008.htm
From MorganStanley:
JBLU exceeded our June estimates for traffic, capacity and load factor
JBLU's reported traffic and capacity were 11% and 8% better than our model, respectively. This resulted in a June load factor 2.1 points higher than our forecast and a load factor for the quarter that was 0.7 points above our published model.
Raising EPS slightly in light of June's solid numbers
We are adding $0.02 per share to our 2Q03 EPS in light of June's strong traffic results. Our new EPS will be $0.29 per share, a penny higher than consensus. We have also added a nickel to our 2004 EPS estimate which now stands at $1.55.